The project comes about from a larger overall deal that Jerry Bruckheimer struck with Paramount Pictures yesterday, which also includes the development of Top Gun 2 along with other projects. Projects that Bruckheimer currently has in development with Disney will remain there until they pass on them.
Deadline reports that the first project from the new Bruckheimer/Paramount deal will be a new Beverly Hills Cop movie. The fourth movie, which the site describes as "a reboot of one of Bruckheimer and Paramount's biggest successes together" finds Murphy's Detroit cop Axel Foley returning to his Detroit roots.
Bruckheimer is the uber-producer behind worldwide hits that include the Pirates of the Caribbean and National Treasure franchises. His films have grossed $4.7 billion domestically and more than $11 billion worldwide.
As for Ratner, he's best known for helming the Rush Hour trilogy and X-Men: The Last Stand. Ratner is expected to begin production on Beverly Hills Cop 4 once he finishes postproduction on Hercules, starring Dwayne Johnson. He's also busy producing a number of other movies including Horrible Bosses 2.
Murphy meanwhile could use a live-action box office hit. Outside of the Shrek franchise, he's struggled to attract audiences to theaters. His last big hit, outside of the modest hit that was Tower Heist was 2007's Norbit. Yes, Norbit.
Beverly Hills Cop 4 has had a rocky road to production, initially being scrapped in favor of a TV series that was eventually dumped. Ratner and Murphy were also paired together, respectively as producer and host of the Oscars two years ago but ended up being ousted following Ratner's antigay slur during a Tower Heist Q&A session.
Given Ratner's track record with making summer blockbusters, are you excited to hear he's directing Beverly Hills Cop 4?